North America’s financial services industry saw a rise of 8.28% in deal activity during April 2021, when compared with the last 12-month average, led by $2.81bn acquisition of BancorpSouth Bank and Cadence Bancorp, according to GlobalData’s deals database.
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A total of 157 financial services industry deals worth $13.3bn were announced for the region in April 2021, against the 12-month average of 145 deals.
Of all the deal types, M&A saw most activity in April 2021 with 101 transactions, representing a 64.3% share for the region.
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By GlobalDataIn second place was venture financing with 49 deals, followed by private equity deals with seven transactions, respectively capturing a 31.2% and 4.5% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in North America’s financial services industry with $11.16bn, while venture financing and private equity deals totalled $2.01bn and $100m, respectively.
North America financial services industry deals in April 2021: Top deals
The top five financial services deals accounted for 65.7% of the overall value during April 2021.
The combined value of the top five financial services deals stood at $8.72bn, against the overall value of $13.3bn recorded for the month.
The top five financial services industry deals of April 2021 tracked by GlobalData were:
1) The $2.81bn merger of BancorpSouth Bank and Cadence Bancorp
2) The $2.6bn merger deal with Flagstar Bancorp and New York Community Bancorp
3) Independent Bank’s $1.2bn acquisition of Meridian Bancorp
4) The $1.15bn acquisition of East Boston Savings Bank by Rockland Trust
5) Deluxe’s acquisition of First American Payment Systems for $960m.
